Analyst Ratings for Fastenal Co. (FAST)

Updated: 2017-07-29

Shares of Fastenal Co. (NASDAQ:FAST) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for FAST last month.

A buy rating was issued by 8 analysts, 2 gave an overweight rating, 8 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 4. Over the same time period, there has been an decrease of 1 in the number of analysts with a negative outlook on the stock.

A number of analysts gave price targets for FAST. The highest price target was 55, which equates to a potential upside of 26.29 percent. The lowest price target was 44, which equates to a potential downside of 1.03 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates upwards for this quarter, by about 3.1 percent on average, compared to last month. That number becomes 4.17 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 2.67 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 3.22 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 8 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. During this time, 9 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 2 analysts that revised their FY estimates downwards.

Analysts estimate earnings of FAST to grow at a rate of 5.23 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. FAST has a PEG ratio of 4.58.

FAST has a 52-week high of 52.74 and a 52-week low of 37.70. The current market price is above the trailing year's low by 15.52 percent, and 17.43 percent lower than its 52-week high. FAST has a P/E ratio of 23.93. Investors typically compare the P/E ratio to a company's peers in the industry. The FAST value stock report compares FAST to some of its peers using value stock charts. The stock has a market capitalization of $12.61 billion. FAST will post this quarters earnings in days, on 0000-00-00.